Convatec Group Plc Stock Market Value
| CNVVF Stock | USD 2.95 0.10 3.51% |
| Symbol | ConvaTec |
ConvaTec Group 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to ConvaTec Group's pink sheet what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of ConvaTec Group.
| 10/28/2024 |
| 11/27/2024 |
If you would invest 0.00 in ConvaTec Group on October 28, 2024 and sell it all today you would earn a total of 0.00 from holding ConvaTec Group Plc or generate 0.0% return on investment in ConvaTec Group over 30 days. ConvaTec Group is related to or competes with GlucoTrack, Sharps Technology, Utah Medical, Innovative Eyewear, and Microbot Medical. ConvaTec Group Plc develops, manufactures, and markets medical products and technologies worldwide More
ConvaTec Group Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure ConvaTec Group's pink sheet current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess ConvaTec Group Plc upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.03) | |||
| Maximum Drawdown | 41.02 |
ConvaTec Group Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for ConvaTec Group's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as ConvaTec Group's standard deviation. In reality, there are many statistical measures that can use ConvaTec Group historical prices to predict the future ConvaTec Group's volatility.| Risk Adjusted Performance | 0.0084 | |||
| Jensen Alpha | 0.0076 | |||
| Total Risk Alpha | (0.63) | |||
| Treynor Ratio | 0.0632 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of ConvaTec Group's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
ConvaTec Group Plc Backtested Returns
At this point, ConvaTec Group is very risky. ConvaTec Group Plc secures Sharpe Ratio (or Efficiency) of 4.0E-4, which signifies that the company had a 4.0E-4% return per unit of risk over the last 3 months. We have found nineteen technical indicators for ConvaTec Group Plc, which you can use to evaluate the volatility of the firm. Please confirm ConvaTec Group's Risk Adjusted Performance of 0.0084, mean deviation of 0.8666, and Standard Deviation of 4.03 to double-check if the risk estimate we provide is consistent with the expected return of 0.0014%. The firm shows a Beta (market volatility) of -0.14, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning ConvaTec Group are expected to decrease at a much lower rate. During the bear market, ConvaTec Group is likely to outperform the market. ConvaTec Group Plc right now shows a risk of 4.12%. Please confirm ConvaTec Group Plc variance, kurtosis, as well as the relationship between the Kurtosis and price action indicator , to decide if ConvaTec Group Plc will be following its price patterns.
Auto-correlation | 0.00 |
No correlation between past and present
ConvaTec Group Plc has no correlation between past and present. Overlapping area represents the amount of predictability between ConvaTec Group time series from 28th of October 2024 to 12th of November 2024 and 12th of November 2024 to 27th of November 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of ConvaTec Group Plc price movement. The serial correlation of 0.0 indicates that just 0.0% of current ConvaTec Group price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.0 | |
| Spearman Rank Test | 0.26 | |
| Residual Average | 0.0 | |
| Price Variance | 0.06 |
ConvaTec Group Plc lagged returns against current returns
Autocorrelation, which is ConvaTec Group pink sheet's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting ConvaTec Group's pink sheet expected returns. We can calculate the autocorrelation of ConvaTec Group returns to help us make a trade decision. For example, suppose you find that ConvaTec Group has exhibited high autocorrelation historically, and you observe that the pink sheet is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
ConvaTec Group regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If ConvaTec Group pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if ConvaTec Group pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in ConvaTec Group pink sheet over time.
Current vs Lagged Prices |
| Timeline |
ConvaTec Group Lagged Returns
When evaluating ConvaTec Group's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of ConvaTec Group pink sheet have on its future price. ConvaTec Group autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, ConvaTec Group autocorrelation shows the relationship between ConvaTec Group pink sheet current value and its past values and can show if there is a momentum factor associated with investing in ConvaTec Group Plc.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in ConvaTec Pink Sheet
ConvaTec Group financial ratios help investors to determine whether ConvaTec Pink Sheet is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in ConvaTec with respect to the benefits of owning ConvaTec Group security.